This project has 25 blockchain games, over 50 million downloads and big plans

A blockchain gaming ecosystem says play-and-win represents “the next wave of disruption” in this $250 billion industry.

Catheon Gaming says the cutting-edge technology provided by immutable ledgers tackles many of the shortcomings found in traditional games. In-game assets are fully player-owned, monetizing and transferable.

Instead of focusing on releasing a single game, this project wants to cultivate a vibrant ecosystem that will last beyond the life cycle of a title. Catheon says it currently has a large and growing portfolio of 25 games – and this will be further enriched with the development of its own metaverse.

A native token that had been responsible for the management of one game is being renamed, and will now cover Catheon’s entire game portfolio.

Catheon told Cointelegraph: “We are extremely excited to announce our next phase of innovation and growth with the Catheon ecosystem. We have worked hard over the past 11 months to build the foundation required to execute this vision and are finally in a position to do so.

“We address key issues in both traditional games and blockchain games and build a truly immersive experience for users and a seamless process for game developers to take advantage of the blockchain. We are united in our goal and in the execution we will be a driving force. power in the industry and we are confident that Catheon will revolutionize blockchain gaming.”

Still early

As for the size of this opportunity, Catheon says blockchain-powered games currently hold less than 5% of the entire market – but this is expected to grow exponentially over the next five years.

The project wants to position itself as a prominent leader in this space by releasing high-quality, entertaining games and introducing a better onboarding process with less friction. It is also crucial to educate the public about how blockchain technology works, reduce barriers to entry and build distribution platforms for new titles.

Catheon was originally founded in September 2021, paving the way for the launch of SolChicks. Attention this year has turned to building a metaverse and establishing Catheon Labs – and figures from the project suggest that the 25 games have already been downloaded more than 50 million times. The titles in the portfolio span genres including sports, anime and MMORPG – with War of Gama, Prajna Gate and Angrymals among them.

In July, Catheon Gaming was recognized as the fastest growing blockchain startup out of over 6,000 companies analyzed in the APAC region in a comprehensive research paper conducted by KPMG and HSBC. The company has also built an impressive management team and advisory board with experienced executives from many of the traditional gaming giants.

‘The Steam of blockchain’

Elsewhere in its ecosystem, Catheon Gaming Center aims to become “the Steam of blockchain” – a gateway that allows passionate gamers to enjoy high-quality gaming experiences on their PCs, mobiles and consoles.

Alongside compelling benefits for players – including token staking and NFT rentals – CGC wants to make it easy for developers to integrate their titles into the blockchain gaming ecosystem as well.

Meanwhile, Catheon’s metaverse stands out from the crowd with advantages not currently offered by rivals – delivering true interoperability to games by owning the technical aspects of their game portfolio and being chain agnostic.

NFTs from all the titles can be transferred into this virtual world – resulting in “splitting new experiences beyond what’s available in their respective original games.”

Catheon is a business made up of several distinctive strands — and that continues to play out as the project fights to become a force to be reckoned with in the entertainment sector. As consumers increasingly explore what NFTs, play-and-earn games and the metaverse have to offer, it has cultivated an irresistible selection of titles that players will love.